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Segment information (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Information about Company's Segments

Information about the Company's segments follows:

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

(Dollars in millions)

 

Total Revenues(a)

 

 

Inter-
segment
Revenues

 

 

Net
Income
(Loss)

 

 

Total Average Assets

 

 

Total Revenues(a)

 

 

Inter-
segment
Revenues

 

 

Net
Income
(Loss)

 

 

Total Average Assets

 

Commercial Bank

 

$

699

 

 

$

2

 

 

$

201

 

 

$

81,083

 

 

$

811

 

 

$

2

 

 

$

333

 

 

$

79,034

 

Retail Bank

 

 

1,268

 

 

 

 

 

 

446

 

 

 

52,232

 

 

 

1,234

 

 

 

 

 

 

452

 

 

 

51,293

 

Institutional Services and Wealth
   Management

 

 

377

 

 

 

3

 

 

 

128

 

 

 

3,636

 

 

 

390

 

 

 

3

 

 

 

110

 

 

 

3,655

 

All Other

 

 

(84

)

 

 

(5

)

 

 

(244

)

 

 

74,527

 

 

 

(30

)

 

 

(5

)

 

 

(193

)

 

 

68,617

 

Total

 

$

2,260

 

 

$

 

 

$

531

 

 

$

211,478

 

 

$

2,405

 

 

$

 

 

$

702

 

 

$

202,599

 

 

(a)
Total revenues are comprised of net interest income and other income. Net interest income is the difference between taxable-equivalent interest earned on assets and interest paid on liabilities owed by a segment and a funding charge (credit) based on the Company's internal funds transfer and allocation methodology. Segments are charged a cost to fund any assets (e.g. loans) and are paid a funding credit for any funds provided (e.g. deposits). The taxable-equivalent adjustment aggregated $12 million and $14 million for the three-month periods ended March 31, 2024 and 2023 and is eliminated in "All Other" total revenues.